n/a
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1909
Quadruplex, Residential Income
Two buildings - 4 fully legal corner units (no middle units) all with private outdoor spaces .Each unit features 1bed/ 1bath generating $82,800 year in gross annual income, with potential to increase to approximately 90k. Separate address and tenants pay their own utilities , minimal operating expenses. Property has Impact windows 4 water meter and 4 FPL meters . Zoned T5-R allowing development up to 5 stories and 8 units -17,825 buildable SF estimated under Miami 21 on 5.552 Sq ft lot. Located in the heart of the Innovation District neighborhood fronting 59th St and adjacent to NE 2nd Avenue ,offering stability, privacy and unique positioning. Less than 0.4 miles to the planned Innovation District Tri-Rail station (Northeast Corridor). Strong land appreciation and redevelopment potential with zoning that allows vertical growth. Across from Laundromat Art Space gallery and 1 block away from Magic City. Flood zone X. Net return 5.5% including new buyer's property taxes. Please do not disturb tenants ,all showings by appointment only.
This quadruplex home located at 150 NE 59th St, Miami FL 33137 is currently for sale and has been available on Brickellsold for 10 days. This property is listed at $1M. It has N/A beds, N/A bathrooms, and is 1909 square feet. It was built in 1947. 150 NE 59th St, Miami FL 33137 is in Miami county Miami-Dade County.
